Digital payments major PhonePe said it has raised $350 million in funding from global private equity firm General Atlantic at a pre-money valuation of $12 billion, according to ETtech report. The investment marks the first tranche of an up to $1 billion total fundraise that commenced in January 2023, the company said in a statement.…
PhonePe has raised Rs 150 crore from Flipkart, a majority shareholder in the company, according to ET report. The equity allotment comes just days after PhonePe raised primary capital worth $700 million in a round led by Flipkart owner, US-based retailing behemoth Walmart, valuing the company at $5.5 billion. The Bengaluru-based startup’s Singapore holding company…